Property Overview & Key Characteristics
This one-storey home at 155 Ferry Road in Winnipeg's Bruce Park neighborhood is defined by its generous lot and functional layout. Built in 1943, the 920 sqft house sits on a 5,422 sqft property, which is notably larger than most lots on its street. Key features include a renovated basement and a detached garage. The home’s primary appeal lies in its land value and the potential it offers. While the living space is modest and below the neighborhood average, the above-average lot size presents opportunities for expansion, gardening, or simply enjoying more private outdoor space. The renovated basement adds valuable functional square footage.
This property would suit a practical buyer looking for a solid foundation in a central neighborhood. It's ideal for a first-time homeowner comfortable with a home that may require updates, an investor interested in the lot's value, or someone seeking a manageable single-level layout with room to grow outdoors rather than indoors.
Frequently Asked Questions
1. Is the lot size a significant advantage?
Yes. The land is in the top 6% for size on Ferry Road, offering more yard space than most immediate neighbors. This is a key asset, whether for recreation, future projects, or simply having more breathing room.
2. How does the home's size compare to the area?
The 920 sqft living area is below the average for both Bruce Park and Winnipeg overall. Buyers should expect a compact, efficient layout rather than a spacious one, though the renovated basement provides additional room.
3. What does the assessed value indicate?
The assessed value is around average for the street but below average for the wider neighborhood and city. This can sometimes reflect the home's older age and smaller size, but it may also represent a relative value opportunity compared to surrounding properties.
4. Who might this property not suit?
It may not be the best fit for those seeking a move-in-ready, modern open-concept home or for larger families needing substantial above-grade bedroom and living space without renovation work.
5. What is less obvious about this property's potential?
The combination of a larger lot with a smaller, older home often appeals to those with a vision for gradual improvement or expansion. It allows you to own a desirable amount of land in the neighborhood while shaping the living space over time to fit your needs, which can be a more accessible path into the area than buying a fully renovated, larger home.